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Allstate: 2Q Earnings Snapshot

August 1, 2018

NORTHBROOK, Ill. (AP) _ Allstate Corp. (ALL) on Wednesday reported second-quarter earnings of $676 million.

The Northbrook, Illinois-based company said it had profit of $1.80 per share. Earnings, adjusted for non-recurring costs, came to $1.90 per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.45 per share.

The insurer posted revenue of $10.1 billion in the period. Its adjusted revenue was $10.12 billion, which also beat Street forecasts. Three analysts surveyed by Zacks expected $8.35 billion.

Allstate shares have decreased nearly 10 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased 5 percent. In the final minutes of trading on Wednesday, shares hit $94.65, a rise of 4 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALL at https://www.zacks.com/ap/ALL

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